RE: No doubt they have somethingJed, that's great you took a profit. It never hurts to take profit. Just keep in mind that if you had bought in during the recent sell off down to
.68 you would be up 12% already. There is some interest as of today in FIS that hasn't been there for a couple of weeks. By raising money at
.80 I can't see this going lower than the recent low. The only problem I see with FIS is the insider trading, which is mostly from their CEO.
FIS is drilling until the end of March, and they still have some great assays to come out based on scint results released. Hole 73 is going to be a zinger. Just like HAT and FDC there will be a lull between winter drilling results and summer drilling results, but now that FIS is chasing this deposit with $9 million there should be decent news flow.
Also, a GMP analyst (Wargo) figured the last two increases in the uranium spot price is likely the start of uranium's move. This was based on the fact that 7 million lbs of U3O8 got off the market at $40.50, and seasonality.
Better news this week because the spot price went up another buck, so now it's at $42.25. If we get another increase next week there could be alot of people who have taken profits from gold plays, and putting it in at these rock bottom uranium stocks in hopes for a commodity play.
GLTA